Investor Presentaiton

FY 2020 Financial Performance ($ in millions) FY 2020 FY 2019 Product Margin – FY 2020 - Product margin (1) $802.3 $750.7 GDSO 75% Gross profit $721.1 $662.7 C-Store & Third-party Rent 26% Distillates & Residual 10% Net income attributable to GLP(2) $102.2 $35.9 EBITDA (1) (2) $285.5 $234.4 Wholesale 23% Adjusted EBITDA (1) (2) $802.3M $287.7 $233.7 Maintenance capex $47.0 $49.9 $156.4 $95.7 Wholesale Gasoline and Gasoline Blendstocks 13% DCF(1) (2) (1)Please refer to Appendix for reconciliation of non-GAAP items. (2) FY 2020 includes a $7.2 million loss on the early extinguishment of debt related to the October 2020 redemption of the 7% senior notes due 2023. FY 2019 includes a $13.1 million loss from early extinguishment of debt related to the repurchase of the 6.25% senior notes due 2022. FY 2020 Drivers vs. FY 2019 Extreme contango market structure and dramatic shift in forward product pricing curve positively impacted margins in the Wholesale segment in 2020 Gasoline Distribution 49% Commercial 2% Product Margin by Segment - FY 2019/FY 2020 ($ in millions) $603.9 $599.6 ↑ Higher fuel margins (cents per gallon) in the GDSO segment ↓ Less convenience store activity, primarily due to COVID-19 $183.1 $122.5 ↓ Decline in bunkering activity in the Commercial segment, primarily due to COVID-19 $28.6 $15.2 FY'19 FY'20 FY'19 FY'20 FY'19 FY'20 ↓ Decline in gasoline volume in the GDSO segment, primarily due to COVID-19 GDSO Wholesale Commercial ↑ Favorable variance ↓Unfavorable variance 23 GLOBAL

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